How much do I need to make to be a trader?

well, some of us are just not very skilled at doing anything else

 

You don't need to make a dime to be a trader - as a matter of fact you could lose a lot of money and still be a trader.

 

^ I had a chuckle at that one.

 

Like in the saying "to make a million you need to start with two"

 

Hahahahahaha

Do you buy Ferraris and Yachts with % or with $ ?

I just love Elitetrader. Always a good laugh on a monday morning.

 

Why don't you interview this guy? It would be interesting to see how his trading has changed over the years: http://www.amazon.com/Trade-Living-Wiley-Online-Trading/dp/0471355143

 

http://www.elitetrader.com/vb/showthread.php?s=&postid=3690338#post3690338

 

I'm going to use simple math on this. 140% total return is roughly 35% annually. If I'm reading that chart right your worst monthly drawdown is 40%.

I'd say the price of admission to being a great trader is having CAGR/Drawdown being well over 1. You're not really there yet, but you're definitely beating the hell out of the SP500. What kind of leverage and how many trades to get those results? What's your Sharpe?